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Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers - page 56. (Read 903150 times)

hero member
Activity: 499
Merit: 500
What does "KYC" mean?

Know Your Customer - Where it would be a requirement by law to collect personal identifiable information from the users.

From http://en.wikipedia.org/wiki/Know_your_customer - "Know your customer (KYC) is the process used by a business to verify the identity of their clients."
legendary
Activity: 3583
Merit: 1094
Think for yourself
legendary
Activity: 1064
Merit: 1001
Well, here's hoping the government doesn't screw us which is laughable since they almost always do in one way or another.
legendary
Activity: 1750
Merit: 1007
A small bug was stopping wallet addresses from being verified as valid, so it was rejecting attempts to change BTC addresses.  This has been fixed.  The EU stratum server also had a very brief interruption, and should be working in very shortly.


EDIT for clarification:  The EU stratum *mining* was not interrupted, only the initial connection server which is used to filter botnet/DDoS traffic before it reaches any mining servers.  Most users should not have seen any interruption!  It only affected new connections attempting to be established.
legendary
Activity: 1750
Merit: 1007
That being said, I've never heard of Just Dice, who are they and what happened ? I assume they're something US based and have some sort of gambling thing running for em given the name Just Dice.

Edit: I see where you said they're canadian now lol

JustDice was one of the largest bitcoin "dice" gambling sites.  It had a provably fair system similar to SatoshiDice, but it didn't rely on all bets being placed on the blockchain, which meant significantly faster playing.  It also allowed users to pick their odds (payout scaling obviously).  What made it unique was the house edge was only 1%, and users could BE the house by investing in JustDice.  It had realtime stats and every time somebody lost a roll, it proportionally split the earnings among investors, and the same if somebody lost.  It was run by dooglus, a fairly well respected member of the forums.

Recently some Canadian legislation passed which is very vague.  It's clear the intention was targetting exchanges between CAD and BTC, but the wording did not specify that, causing dooglus to proactively shut the site down.


This is one of the ways BTC Guild *could* be forced to shut down as well.  Just like dooglus, I would not keep the site running in the face of new legislation that was too vague as to who it is aimed at.  The problem with JustDice and mining pools is that there is no reason for a user to comply with any type of KYC rules.  There are plenty of other sites they can go to hosted in other countries which wouldn't require it, so the moment a US law comes in that threatens the need for KYC it would immediately kill any US-based pool.  There's simply nobody that would volunteer that information when there is absolutely nothing preventing them from moving to ghash.io/slush/bitminter, which are all run by people not in the United States.
legendary
Activity: 1064
Merit: 1001
Do not use pools as a bank

Posting this reminder as once again a significant number of coins had built up in the hot wallet and have been transferred to the cold wallet.  Please do not use the pool as your bank.  The incoming coins to the pool should be almost exactly mirrored with withdrawals, with the exception of small balances unable to meet minimum/auto withdrawal levels.  When this doesn't happen, it forces the pool to move coins into cold wallets, and in the event of a sudden spike in withdrawals, can severely delay the availability of funds since they have to be moved back to the hot wallet.

Just posting this again.  After seeing Just-Dice's closure recently due to Canadian law changes, I want to know that if something happened in the US which forces BTC Guild to do the same it's not going to result in funds that can't be paid out without starting a massive KYC process before allowing withdrawals.  Just-Dice had a few weeks warning.  That same luxury may not be available if it happens in the US!  The pool's official policy (as stated in the FAQ and 2nd post in this thread) has always been that in the event of a closure there will be a 3 month window where the pool is no longer running but withdrawals are open, but there is also the caveat that this policy may be superseded if it is no longer legal for BTC Guild to operate in the same way.


It makes no sense to allow weeks/months worth of coins to build up on your BTC Guild account.  You cannot make specific withdrawals to people to use it as a limited wallet, only full balance or 0.01 intervals, neither of which are useful for conducting Bitcoin transactions (and that's on purpose!).
I've always had my stuff set for 0.01

That being said, I've never heard of Just Dice, who are they and what happened ? I assume they're something US based and have some sort of gambling thing running for em given the name Just Dice.

Edit: I see where you said they're canadian now lol
legendary
Activity: 1750
Merit: 1007
Do not use pools as a bank

Posting this reminder as once again a significant number of coins had built up in the hot wallet and have been transferred to the cold wallet.  Please do not use the pool as your bank.  The incoming coins to the pool should be almost exactly mirrored with withdrawals, with the exception of small balances unable to meet minimum/auto withdrawal levels.  When this doesn't happen, it forces the pool to move coins into cold wallets, and in the event of a sudden spike in withdrawals, can severely delay the availability of funds since they have to be moved back to the hot wallet.

Just posting this again.  After seeing Just-Dice's closure recently due to Canadian law changes, I want to know that if something happened in the US which forces BTC Guild to do the same it's not going to result in funds that can't be paid out without starting a massive KYC process before allowing withdrawals.  Just-Dice had a few weeks warning.  That same luxury may not be available if it happens in the US!  The pool's official policy (as stated in the FAQ and 2nd post in this thread) has always been that in the event of a closure there will be a 3 month window where the pool is no longer running but withdrawals are open, but there is also the caveat that this policy may be superseded if it is no longer legal for BTC Guild to operate in the same way.


It makes no sense to allow weeks/months worth of coins to build up on your BTC Guild account.  You cannot make specific withdrawals to people to use it as a limited wallet, only full balance or 0.01 intervals, neither of which are useful for conducting Bitcoin transactions (and that's on purpose!).
full member
Activity: 154
Merit: 100
yep sun = oracle same, stay away from , or at the very lest don't allow java to run in the browser.


Icon

Interesting. Sorry for offtopic, so what do you suggest to use instead of it? Like if you want to do pingtest or any other numerous tools online (which require Java)? My browser asks me everytime Java needs to run...

Thanks

Well if you're really just wanting a ping you can open a command prompt and type "ping microsoft.com"  or any web/ip address and it'll run a ping test, no need for java.

Really? What about packet loss and jitter? How are you going to find that out from the CMD? I guess, you would do the calculations yourself Smiley I am to lazy to do that....
sr. member
Activity: 543
Merit: 250
Orjinal üyelik ToRiKaN banlanalı asır ol
yep sun = oracle same, stay away from , or at the very lest don't allow java to run in the browser.


Icon

Interesting. Sorry for offtopic, so what do you suggest to use instead of it? Like if you want to do pingtest or any other numerous tools online (which require Java)? My browser asks me everytime Java needs to run...

Thanks

Well if you're really just wanting a ping you can open a command prompt and type "ping microsoft.com"  or any web/ip address and it'll run a ping test, no need for java.
legendary
Activity: 1750
Merit: 1007
1 week luck at 95% seems a lot better and there's still some good blocks still cooking. I noticed the hashrate seems to have gone up a bit.  Fair weather miners?  Tongue

Hash rate has gone down, not up.

Wow.  So weird, I swear it said that we were at 11.5PH/s.  I refreshed the page and it 10,733.  I guess I didn't look at the graph.  Is the pool speed reading that volatile or am I tripping?

You must've been seeing things.  It doesn't move more than 100-200 TH/s between shifts normally.
hero member
Activity: 519
Merit: 500
1 week luck at 95% seems a lot better and there's still some good blocks still cooking. I noticed the hashrate seems to have gone up a bit.  Fair weather miners?  Tongue

Hash rate has gone down, not up.

Wow.  So weird, I swear it said that we were at 11.5PH/s.  I refreshed the page and it 10,733.  I guess I didn't look at the graph.  Is the pool speed reading that volatile or am I tripping?
legendary
Activity: 1750
Merit: 1007
1 week luck at 95% seems a lot better and there's still some good blocks still cooking. I noticed the hashrate seems to have gone up a bit.  Fair weather miners?  Tongue

Hash rate has gone down, not up.
hero member
Activity: 519
Merit: 500
1 week luck at 95% seems a lot better and there's still some good blocks still cooking. I noticed the hashrate seems to have gone up a bit.  Fair weather miners?  Tongue
hero member
Activity: 798
Merit: 1000
Just PM and I'll sell you some luck. 1% - .5btc. Bulk discounts available of course. I have some fairy dust also, but that's expensive stuff.

I thought BFL and BA cornered the market on Fairy DustTM
legendary
Activity: 1274
Merit: 1000
Personal text my ass....
Just PM and I'll sell you some luck. 1% - .5btc. Bulk discounts available of course. I have some fairy dust also, but that's expensive stuff.
full member
Activity: 154
Merit: 100
Thanks for advices fellas,

Appreciated a lot!
sr. member
Activity: 294
Merit: 250
Whoever rubbed their rabbits foot yesterday don't you dare stop rubbing it :-) I love seeing luck like this.
member
Activity: 98
Merit: 10
yep sun = oracle same, stay away from , or at the very lest don't allow java to run in the browser.


Icon

Interesting. Sorry for offtopic, so what do you suggest to use instead of it? Like if you want to do pingtest or any other numerous tools online (which require Java)? My browser asks me everytime Java needs to run...

Thanks

Find different tools. I have Java free PCs and I start a VM if I need to run Java, and I do for several applications that I have to support. Most online tools do not have to run in Java, so be suspicious when they do.
Also, be careful to not confuse Java with Javascript.
hero member
Activity: 821
Merit: 503
well, if it asking that means its not running all the time (that's good) ya old sun/oracle had to come out with a new version system for java due to the constant bug fixes versions that came out.

So if its asking you should be ok, but not really sure if there is alt seeing sun made java, and oracle bought sun...

But for security make sure its not running at all in IE and if possible uninstall IE, it will still get patched by windows update and use either chrome or firefox

Icon
full member
Activity: 154
Merit: 100
yep sun = oracle same, stay away from , or at the very lest don't allow java to run in the browser.


Icon

Interesting. Sorry for offtopic, so what do you suggest to use instead of it? Like if you want to do pingtest or any other numerous tools online (which require Java)? My browser asks me everytime Java needs to run...

Thanks
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